412 E Indianapolis St

Description

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 23RD, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENTS WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. This two-story home was converted into a quadplex providing fourunits in Southeast Wichita! The home features a covered front porch with separate entrances. This property provides excellent cash flow and return on investment. Per the seller, all four units were totally gutted and remodeled within the past two years!Also, a new roof was placed in December 2021 with 30-year architectural shingles. Unit A - Now rented for $495 with a $350 Security Deposit and a lease until 3/2024.studio unit on the main floor. Living room opens up to the bedroom with a full bathroom. Kitchen includes a refrigerator, oven, and pantry. Unit B - Rented for $425 a month with a $400 security deposit and a lease until 8/31/2023. 1+bedroom, 1-bathroom unit on the upper level. Spacious kitchen with a refrigerator and oven. Unit C - Rented for $495, month to month, with a $400 security deposit. 2-bedroom, 1-bathroom unit on the upper level.Spacious kitchen with a refrigerator and oven. Unit D - Vacant studio unit on the main floor.Living room opens up to the bedroom with a full bathroom. Kitchen includes a refrigerator, oven, and pantry. The utility room is in the unfinished basement along with additional storage space. Tenants pay $15 a month for trash on top of their rent. Seller is retiring. Other properties he is selling in this auction are 843 S. Emporia Ave and 1410 N. Bluff. This property is in the Gilbert Mosley Groundwater Site. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or sellers agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyers premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $7500.